Question:
Which of the following major developments have been undertaken after the initiation of structural reforms in 1991 of the Indian Economy?
Which of the following major developments have been undertaken after the initiation of structural reforms in 1991 of the Indian Economy?
Updated On: Oct 1, 2024
- A general deregulation of interest rates and a greater role for market forces in the determination of both interest and exchange rates
- The phase out of ad hoc Treasury Bill, which puts a check on the automatic monetization of the fiscal deficit
- An exchange rate anchor under a Proportional Reserve System
- A commitment to the Fiscal Responsibility and Budget Management (FRBM) which sought to put ceiling on the overall fiscal deficit
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The Correct Option is A, B, D
Solution and Explanation
The correct options is (A): A general deregulation of interest rates and a greater role for market forces in the determination of both interest and exchange rates, (B): The phase out of ad hoc Treasury Bill, which puts a check on the automatic monetization of the fiscal deficit and (D): A commitment to the Fiscal Responsibility and Budget Management (FRBM) which sought to put ceiling on the overall fiscal deficit
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